Martinrea International (TSE:MRE) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Martinrea International Inc. (TSE:MRE - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.05 and traded as high as C$10.09. Martinrea International shares last traded at C$10.03, with a volume of 151,215 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Martinrea International from C$11.00 to C$10.50 and set a "market perform" rating for the company in a research report on Friday, March 6th. TD Securities boosted their price target on shares of Martinrea International from C$14.00 to C$15.00 and gave the company a "buy" rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Martinrea International currently has a consensus rating of "Moderate Buy" and an average target price of C$12.83.

Martinrea International Price Performance

The firm's 50-day moving average is C$9.68 and its 200-day moving average is C$10.05. The company has a market capitalization of C$722.25 million, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 74.05.

Martinrea International (TSE:MRE - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share (EPS) for the quarter. Martinrea International had a net margin of 2.22% and a return on equity of 7.13%. The company had revenue of C$1.13 billion during the quarter. Equities analysts predict that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 annualized dividend and a yield of 2.0%. Martinrea International's payout ratio is 13.61%.

Insider Transactions at Martinrea International

In related news, insider Francesco Barbara bought 12,333 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of C$8.95 per share, for a total transaction of C$110,380.35. Following the completion of the transaction, the insider owned 54,119 shares of the company's stock, valued at approximately C$484,365.05. The trade was a 29.51% increase in their ownership of the stock. Insiders have acquired 13,429 shares of company stock valued at $120,407 in the last ninety days. 11.31% of the stock is currently owned by insiders.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea's products is in North America.

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